NAB - National Australia Bank

[JetDollars]

Re: NAB?

NAB go ex-dividend today.

Will NAB drop in price as much as the dividend amount? if yes, why? if not, why not?

Your comment/s please!

 

[DTM]

Just interested whether anyone else thinks NAB is ready to go up. I think its ready to go up and have bought in the money March call options and was wondering whether any one else may think the same or whether others may think it a bad call.

I'm playing this one close to the line and may seem risky but I think that it will go up in the next two days.

:goodnight

 

[SuperTed]

Re: NAB - Ready to go up?

Not me.

NAB is a donkey only being held up by its dividend. Of late it has been dragged along by the sector as a whole.

 

[SuperTed]

Re: NAB - Ready to go up?

Not me.

NAB is a donkey only being held up by its dividend. Of late it has been dragged along by the sector as a whole.

But will the sector hold or has an April rate rise been factored in as well?

 

[clowboy]

Re: NAB - Ready to go up?

I aggree with both of you.....

NAB is cheap if it has started it's turnaround, and that is a big if.

Long term NAB will recover and it is cheap now (IMHO) however if any more bad news where to come out of NAB then the market would overreact and the SP would fall.

That would be a good entry.

Bad news is the likes of a cut to dividend etc.


Just My opinion

 

[markrmau]

Re: NAB - Ready to go up?

Lenders in the housing market are starting to do (desperate?) things like offer petrol discounts with housing loans. Perhaps a bank with good exposure to the buisiness loans segment would be best (don't know what nab's exposure is).

 

[ob1kenobi]

Re: NAB - Ready to go up?

The National Australia Bank (NAB) which has been going sideways of late, made a break for the $34 mark toward the end of last week. Could it be that the worst is now behind them? The chart is below but it appears to be on the verge of breaking out and moving up. Time will tell for the NAB. May be worth watching.

 

[ob1kenobi]

Re: NAB - Ready to go up?

According to the NAB web site, last week they released an Australian Region Market Update, which is an outline of their Business Plan / Strategy from now through till 2008. They see 2006 - 2008 as being their growth times. It's a lengthy document (108 pages) and repetitive but interesting. The report is available as a PDF file at: http://www.nabgroup.com/vgnmedia/downld/Australian_Market_Update_sept_2005.pdf

For the record, I do not currently hold shares in NAB but have had them on my watchlist for awhile.

 

[TheAnalyst]

Re: NAB - Ready to go up?

If NAB is priced with the other 3 pillars it is $35.60 so its trading at a discount.

 

[Julia]

Re: NAB - Ready to go up?

If NAB is priced with the other 3 pillars it is $35.60 so its trading at a discount.

There are six analyst recommendations I've seen in the last month which rate NAB as a Hold at best. Good returns are not expected for some time to come.
All the analysts above suggested ANZ and St. George as being their preferred banking stocks.

I wouldn't touch it until it starts to demonstrate more recovery than it has done so far. There are better buys out there.


Julia

 

[doctorj]

Re: NAB - Ready to go up?

Check out the report about ARB in issue 72 of the Australasian Investment Review for a great example of how good brokers are at predicting the past and ignoring the future.

T/A aside, NAB represents a great recovery story and I believe there are opportunties for investors with an appropriate timeframe.

Disclosure: I hold.

 

[ob1kenobi]

Re: NAB - Ready to go up?

Check out the report about ARB in issue 72 of the Australasian Investment Review for a great example of how good brokers are at predicting the past and ignoring the future.

T/A aside, NAB represents a great recovery story and I believe there are opportunties for investors with an appropriate timeframe.

Disclosure: I hold.

Doc, I agree with your last statement: "T/A aside, NAB represents a great recovery story and I believe there are opportunties for investors with an appropriate timeframe." It's getting the timeframe that is important. For those that intend to hold for a 12-24 month time frame, it may have potential. Personally I'm still on the sidelines.

 

[doctorj]

Re: NAB - Ready to go up?

Just thought I'd post this chart. ANZ's profit figure in conjunction with recent market strength seems to be supporting this leg.

I hold.

 

[TheAnalyst]

Re: NAB - Ready to go up?

Anyone been looking, holding, selling, buying NAB warrants? would like to hear nore.

 

[Yippyio]

Re: NAB - Ready to go up?

Anyone been looking, holding, selling, buying NAB warrants? would like to hear nore.

Getting hammered at the moment. Is this a buying op or has it got more to go ??? (the million dollar question I guess) please refer to crystal ball.

 

[Kauri]

Re: NAB - Ready to go up?

Anyone been looking, holding, selling, buying NAB warrants? would like to hear nore.

May not get there but I am waiting down at the $32.00ish level...

 

[TheAnalyst]

Re: NAB - Ready to go up?

Getting hammered at the moment. Is this a buying op or has it got more to go ??? (the million dollar question I guess) please refer to crystal ball.

It depends on your investment time frame, at the moment the share price is below its fundamental price and if it is valued on its last posted net profit without the inclusion of one off asset sales and expenses and compared to the other banks it should be easilybetween $37 and $39 a share.

 

[happytrader]

Re: NAB - Ready to go up?

Nab does this every report time that I've looked at for years. If it did'nt I'd be shocked. It also gives pretty good call entry signs afterwards without having to guess as well. Just wait I reckon. Save yourself afew bucks.

Cheers
Happytrader

 

[brisvegas]

Re: NAB - Ready to go up?

couple broker downgrades coming through for NAB


SYDNEY (AFX) - Goldman Sachs JBWere said it has downgraded its long-term
recommendation on National Australia Bank Ltd to "hold" from "buy" saying that valuations
on Australia's largest bank are "stretched".
The downgrade follows NAB on Wednesday reporting a 4.4 pct fall in September year
cash net profit to 3.31 bln aud and indicating costs had exceeded expectations as the
bank seeks to rebuild its businesses following a damaging foreign exchange trading
scandal in 2004.
NAB is approving loans at a faster rate than its rivals to increase market share.
Goldman Sachs said given NAB's decision to trade nearer term cost leverage for longer
term revenue growth, the company's returns profile has been pushed further out than it
originally anticipated.
The firm said Goldman Sachs said it had previously viewed that share price upside
existed through upside earnings surprise from restructuring benefits and capital
reinvestment.
But this is no longer the case as NAB has indicated it will reinvest many of the
nearer term cost benefits from restructuring back into its core franchise to improve the
future growth prospects.
Goldman Sachs said this strategy will ultimately place NAB in a stronger position for
sustainable longer term growth but it does have the effect of lowering near term earnings
which makes near term valuations challenging.
Given that NAB is trading on a price to forecast fiscal 2006 earnings multiple of
14.4 times, representing an 8.0 pct premium to its peers and has limited prospects for
near term earning upside, Goldman Sachs said it struggles to justify buying the stock at
current levels.

 

[brisvegas]

Re: NAB - Ready to go up?

31.80 - 32.00 is probable first supp level . personally wouldnt get involved in NAB myself currently

........... pete